Topics
Administration
Congress
Democrats
Elections
Ethics
Governor -- Alabama
Governor -- Alaska
Governor -- Arizona
Governor -- California
Governor -- Colorado
Governor -- Connecticut
Governor -- Delaware
Governor -- Florida
Governor -- Georgia
Governor -- Hawaii
Governor -- Illinois
Governor -- Indiana
Governor -- Iowa
Governor -- Kentucky
Governor -- Louisiana
Governor -- Maryland
Governor -- Massachusetts
Governor -- Michigan
Governor -- Minnesota
Governor -- Missouri
Governor -- Montana
Governor -- Nevada
Governor -- New Hampshire
Governor -- New Jersey
Governor -- New Mexico
Governor -- New York
Governor -- North Carolina
Governor -- North Dakota
Governor -- Ohio
Governor -- Oregon
Governor -- Pennsylvania
Governor -- Rhode Island
Governor -- South Carolina
Governor -- Texas
Governor -- Utah
Governor -- Vermont
Governor -- Virginia
Governor -- Washington
Governor -- Wyoming
Governors
Health Care
House
House -- Alabama -- 02
House -- Alabama -- 03
House -- Alabama -- 05
House -- Alaska
House -- Arizona -- 01
House -- Arizona -- 03
House -- Arizona -- 05
House -- Arizona -- 08
House -- Arkansas -- 01
House -- Arkansas -- 02
House -- California -- 04
House -- California -- 12
House -- California -- 26
House -- California -- 32
House -- California -- 50
House -- Colorado -- 02
House -- Colorado -- 04
House -- Connecticut -- 04
House -- Connecticut -- 05
House -- Florida -- 06
House -- Florida -- 08
House -- Florida -- 13
House -- Florida -- 15
House -- Florida -- 16
House -- Florida -- 18
House -- Florida -- 19
House -- Florida -- 21
House -- Florida -- 24
House -- Florida -- 25
House -- Georgia -- 05
House -- Georgia -- 10
House -- Georgia -- 12
House -- Idaho -- 01
House -- Illinois -- 01
House -- Illinois -- 03
House -- Illinois -- 05
House -- Illinois -- 06
House -- Illinois -- 10
House -- Illinois -- 11
House -- Illinois -- 14
House -- Illinois -- 18
House -- Indiana -- 03
House -- Indiana -- 07
House -- Indiana -- 09
House -- Iowa -- 03
House -- Iowa -- 04
House -- Kansas -- 02
House -- Kentucky -- 02
House -- Kentucky -- 03
House -- Louisiana -- 01
House -- Louisiana -- 02
House -- Louisiana -- 04
House -- Louisiana -- 06
House -- Maine -- 01
House -- Maryland -- 01
House -- Maryland -- 04
House -- Massachusetts -- 05
House -- Michigan -- 01
House -- Michigan -- 07
House -- Michigan -- 09
House -- Michigan -- 13
House -- Minnesota -- 01
House -- Minnesota -- 03
House -- Minnesota -- 06
House -- Mississippi -- 01
House -- Mississippi -- 03
House -- Missouri -- 09
House -- Nevada -- 02
House -- Nevada -- 03
House -- New Hampshire -- 01
House -- New Hampshire -- 02
House -- New Jersey -- 03
House -- New Jersey -- 05
House -- New Jersey -- 07
House -- New Mexico -- 01
House -- New Mexico -- 02
House -- New York -- 13
House -- New York -- 15
House -- New York -- 20
House -- New York -- 21
House -- New York -- 23
House -- New York -- 24
House -- New York -- 25
House -- New York -- 26
House -- New York -- 29
House -- North Carolina -- 03
House -- North Carolina -- 08
House -- North Carolina -- 10
House -- North Dakota
House -- Ohio -- 01
House -- Ohio -- 02
House -- Ohio -- 05
House -- Ohio -- 07
House -- Ohio -- 10
House -- Ohio -- 15
House -- Ohio -- 16
House -- Oklahoma -- 05
House -- Oregon -- 05
House -- Pennsylvania -- 03
House -- Pennsylvania -- 04
House -- Pennsylvania -- 06
House -- Pennsylvania -- 10
House -- Pennsylvania -- 11
House -- Pennsylvania -- 12
House -- Pennsylvania -- 15
House -- South Carolina -- 01
House -- South Carolina -- 02
House -- South Carolina -- 05
House -- South Dakota
House -- Tennessee -- 07
House -- Tennessee -- 08
House -- Tennessee -- 09
House -- Texas -- 07
House -- Texas -- 10
House -- Texas -- 14
House -- Texas -- 22
House -- Utah -- 03
House -- Virginia -- 01
House -- Virginia -- 05
House -- Virginia -- 09
House -- Virginia -- 11
House -- Washington -- 08
House -- West Virginia -- 02
House -- Wisconsin -- 08
House -- Wyoming
Inauguration 2009
International
Issues
Judiciary
Local Elections
Media
Miscellaneous
Morning Thoughts
Politics Weekly
Polls
Rankings
Republicans
Senate
Senate -- Alaska
Senate -- Arizona
Senate -- Arkansas
Senate -- California
Senate -- Colorado
Senate -- Connecticut
Senate -- Delaware
Senate -- Florida
Senate -- Georgia
Senate -- Idaho
Senate -- Illinois
Senate -- Indiana
Senate -- Iowa
Senate -- Kansas
Senate -- Kentucky
Senate -- Louisiana
Senate -- Maine
Senate -- Massachusetts
Senate -- Minnesota
Senate -- Mississippi
Senate -- Missouri
Senate -- Montana
Senate -- Nebraska
Senate -- Nevada
Senate -- New Hampshire
Senate -- New Jersey
Senate -- New Mexico
Senate -- New York
Senate -- North Carolina
Senate -- North Dakota
Senate -- Ohio
Senate -- Oklahoma
Senate -- Oregon
Senate -- Pennsylvania
Senate -- South Carolina
Senate -- South Dakota
Senate -- Tennessee
Senate -- Texas
Senate -- Utah
Senate -- Virginia
Senate -- Wisconsin
Senate -- Wyoming
Sports
Supreme Court
WH 08
WH 08 -- Democrats
WH 08 -- Republicans
WH 12
WH 12 -- Republicans
White House

 

« WA Gov: Rossi +2 | Blog Home Page | IN: Daniels (R) +4 »

Strategy Memo: Bailout Blues

Good Monday morning. The last baseball game has been played in Yankee Stadium, and the pomp and circumstance surrounding the 85-year old building's final performance was appropriate for the House that Ruth Built. And at least we didn't have to hear Joe Morgan yap about how great the Big Red Machine was for one night. Here's what Washington is watching today:

-- The House and Senate are back today as Congress looks to put its own mark on an economic reform package on which they will spend most of the week. The House will take up minor bills today, while the Senate has no votes planned. Lawmakers in the lower chamber had hoped to be out of Washington after this week is over, but with the massive bailout bill pending, that looks less than certain. President Bush makes his way to New York for the opening ceremonies of the annual session of the United Nations, but first he stops in Colts Neck, New Jersey to raise money for Congressional candidates Leonard Lance and Chris Myers.

-- Treasury Secretary Hank Paulson released details of his $700 billion bailout plan this weekend, a plan that would give the Treasury Department extraordinary powers and one that has already started to draw criticism. Financial institutions, which had such a disastrous week last week, have already succeeded in getting the White House to broaden the plan to allow for government buyouts of non-mortgage-related companies and to allow for assistance for foreign companies, the New York Times reports today.

-- The massive bailout also faces edits from both parties in Congress. Democrats are demanding more relief for homeowners and more accountability to Congress. Democrats would also include a provision that limits executive pay for those whose companies are forced to sell some troubled securities to the government. Republicans said they wanted a series of changes as well, including provisions that require any money made off the forthcoming deals be returned to the national bank account. The GOP will also propose a joint select committee to oversee the program, sources told The Times.

-- Not only will Congress get its way with the administration's plan, but both presidential candidates will have their chance to weigh in, both through their own statements and their actual votes (Think they might actually show up in Washington for this one?). In essence, Barack Obama's plan is a traditional Democratic one, relying on more regulation and a shift of the tax burden, the Times' John Harwood writes. McCain prefers to blame bickering in Washington that has dropped Congressional approval ratings to record lows.

-- Both approaches contain inherent flaws. For McCain, his new pro-regulatory approach is far different than his past statements, even as early as this year, in which he has promised to be a champion deregulator. A let-the-market-work message won't work with voters as the markets collapse. Obama, in taking a more traditional approach, risks being labeled a standard politician in an election defined by change, though the very fact that he's a Democrat will work at least somewhat in his favor this year.

-- The economy remains center stage just days before the first presidential debate takes place this Friday in Oxford, Mississippi. Both candidates wanted to make foreign affairs the subject of the first debate, with McCain reasoning that the most-watched meeting between the two men could play to his strength and with Obama thinking moving the focus back to the economy in the final weeks will be beneficial to his campaign. Both candidates are attending debate camp this week, with McCain facing off with former Maryland Lieutenant Governor Michael Steele and Obama debating Democratic super lawyer Greg Craig, the Wall Street Journal's Monica Langley reports.

-- Elsewhere on the campaign trail, both candidates have positives and negatives to point to today. Barack Obama's 50-state strategy is becoming increasingly inaccurately-named as the campaign pulls out of North Dakota, the Associated Press writes. After early ad forays into the state and after opening eleven offices for as many as 50 staffers, Obama will pull out and send those aides to Wisconsin and Minnesota, a spokesperson confirmed. Meanwhile, McCain will boost his efforts in North Carolina, ordinarily a solidly Republican state, McClatchy-Tribune writes today. Obama's hope of expanding the map remains at least somewhat alive.

-- Floats Of The Day: In separate interviews over the weekend, Barack Obama and John McCain each offered an olive branch to rivals in the other party. McCain said he would eliminate the White House Political staff and that he might tap New York Attorney General Andrew Cuomo, a Democrat, to head the Securities and Exchange Commission. Obama told CNBC's John Harwood that Treasury Secretary Paulson would be "deeply involved in the transition process," Politico's Mike Allen writes. Bill Clinton had a Republican Secretary of Defense and President Bush had a Democrat for a Transportation Secretary. Is the "team of rivals" concept set to continue?

-- Today On The Trail: McCain is in Joe Biden's home town of Scranton, Pennsylvania today for a town hall meeting. This evening, McCain and running mate Sarah Palin have an event planned for Media, Pennsylvania. Obama is Green Bay for a rally and a speech on the economy and the government's bailout plan, while Biden addresses the National Guard Association in Baltimore. Michelle Obama has rallies in Madison, Wausau and West Allis, Wisconsin.